Sustainability Reporting and Financial Performance of Listed Financial Institutions in Nigeria

This study investigated the impact of sustainability reporting on financial institutions’financial performance in Nigeria. The fifty-two listed financial institutions on the Nigerian StockExchange, from 2010 to 2020 form the population of the study. A judgmental sampling basis was usedto select 30 listed firms. This study used a longitudinal study approach as well as an ex-post factoresearch design to meet the study's objectives. Data analysis approaches include content analysis ofthe sustainability reporting index indicators provided in Global Reporting Initiative Guidelines G4(GRIG4) and multiple regressions. Proxies for corporate sustainability are reports on economic,environmental, and social activities. Financial performance is proxies by returns on assets. Secondarydata used was extracted from the firm’s annual reports. With a beta coefficient of -0.053, a t statisticof the value of -3.099, and a significance value of 0.002, the result shows that Economic activityreporting and Financial Performance are related. With a beta coefficient of 0.093, a t statistic value of2.931, and a significance value of 0.004, the result shows that social activity reporting and FinancialPerformance are related. Also, with a beta coefficient of 0.035, a t statistic value of 1.368, and asignificance value of 0.172, the result shows that environmental activity reporting and FinancialPerformance are related but not significant. This study concluded that sustainability reporting impactsfinancial institutions’ financial performance in Nigeria.